“Are two of the world’s most important tech companies secretly connected in ways that have yet to be publicly announced?” Louis Bedigian wonders for Benzinga.
“Apple Inc. and Tesla Motors Inc. have had at least one meeting, but the discussions remain a mystery,” Bedigian wonders. “‘If one or more companies had approached us last year around such things, there’s no way we could comment on that,’ Musk told Bloomberg in February. When asked point blank if Musk had talked with Apple, he replied, ‘We had conversations with Apple. I can’t comment on whether those revolved around any kind of acquisition.'”
“Investors have been so focused on the M&A fantasy that they have forgotten about the possibility that Apple and Tesla could be business partners. One Apple expert thinks that has already happened,” Bedigian wonders. “Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga that he thinks investors are ‘misinterpreting’ a lawsuit that might have revealed Apple’s future plans. A123 Systems sued the Mac maker, claiming that it poached employees and is currently developing a ‘large-scale battery division.’ ‘I don’t know if this has ever been publicly disclosed, but in my digging — of all the digging and researching I do — it seems to me that Apple is a funder of the Gigafactory,’ said Udall.”
Read more in the full article here.
MacDailyNews Take: The Apple-Tesla intrigue deepens!